Probe Mines Ltd.

Goldex Royalty

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Project Summary



Goldex Mine Location Map
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Probe holds a 5% net smelter royalty (NSR) interest on claims covering a portion of the Goldex deposit, owned by Agnico-Eagle Mines Ltd. ("Agnico-Eagle") and located five kilometres west of Val d'Or, Quebec. Goldex lies within the Abitibi Belt, one of the world's most prolific gold and base metal regions. In 2005, Agnico-Eagle announced that a new gold mine would be built at Goldex. Surface construction and underground development began in 2005 and full production of the new gold mine began in 2008. The deposit, hosting a measured reserve of 1.6M ounces of gold, is expected to produce 170,000 ounces per year. Goldex is a low grade, bulk tonnage gold deposit with ore that is easy to treat and recoverable by gravity and flotation.

Geology Map
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The commencement of production at Goldex means that Probe's NSR has moved a step closer to becoming a potential revenue stream for the Company. Probe is conducting an independent valuation of the resource and will keep investors apprised of developments.


Goldex Mine Location Map
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